Novartis to shut MorphSys sites amid pelabresib delay

20 December 2024

Swiss pharma giant Novartis (NOVN: VX) is to shut two sites belonging to its MorphoSys unit.

The facilities in Munich, Germany, and Boston, USA, will close by end of 2025, Novartis confirmed after the news was first reported in WirtschaftsWoche magazine.

Novartis bought MorphoSys, a Germany-based biopharmaceutical company developing innovative medicines in oncology, in February of this year, for 2.7 billion euros ($2.9 billion).

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